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FEDERAL
RESERVE
s t a t i s t i c a l release

illl!
E.8
August II, 1975

in

Volume and Composition of Individuals' Saving-Second Quarter, 1975
(Billions of dollars)

SEASONALLY ADJUSTED ANNUAL RATES

SEASONALLY ADJUSTED ANNUAL RATES
1969

1970

!
8
9

E as

2*8
9.6
6.6

» a
12

1972

1973

1974

I

II

-8.6

-3.0
»3

- «2 • 8
:
.
10.7
-4.4

lv

*

1

1975

w wasr-®8: !

143.0
9.6
63.4

117.2
-3.6
27.5

137.1
2.0
71.3

130.3
—6.0
102.8

205.5
33.1
95.8

18.9
. .
3.0
-4.0
16.5
9.4

4 8.. B
. 3
2.7
6.5
i.i
2 2:2
17.8

13.2
3.2
-13.4
7.4
7.9

-11.0
-11.0
4.2
-32.9
- 6 ,:3i
-z
13.9

1 2
W6.. 2
4.1
—4.7
- i 1 .»
—: 5
9.3

—3.0

—4.0
2.1
-1.6
-2.5

-10.1
8.9
1.4
-1.1

6.3
-.8
4.2
-1.6

16.8
—4.6
7.1
-9.2

13.1
-1.4
-1.2
-1.3

7.1
3.1
7.6
10.0
3.4

7.4
7.7
10.1
21.6
4.2

7.2
*.7
12.9
1 3
»2..?
6.8

7.1
6.2
13.2
16.6
7.6

7.1
6.4
11.7
11.4
7.9

6.9
5.9
12.4
2 5
»8•.»
6.7

124.4
12.1
75.4

138.2
13.1
67.7

129.9
4.6
59.6

-14 5
— 1 4..S
2.4
-11.8
i — - .i0
i 5
-.2

2.9
3.3
-2.6
i - s1
.
1.0

21.0
2.7
6.5
,?:?
11.1
4.3

21.3
3.0
.8
10.8
10.0

9.3
-3.9
1.1
-6.5

5.2
1.5
—.7
-4.7

1.1
3.5
-1.6
-6.6

-1.7
—,5
1.0
-2.0

ji:

1.2
-12.3

J* £

III

I

K "s 'II:I 'B s

122.4
10.3
76.2

99.7
11.1
70.3
30.0
—*4

;
7

1971

|
1974 ^

4
• .8
3.2
13.9
11:1
-3.0
4.8

*

:!it .!•; . 3

« s

*

B w 0 $

OTHER U . S . TREASURY S E C .

o . s . govt.

$«.

STATE + LOCAL OBLIGATIONS

CORPORATE + FOREIGN BONDS
OTHER CORPORATE EQUITIES

6

?
8

9

is

PRIVATE L I F E INSURANCE R E S .
13
PRIVATE INSURED PENSION RES. 1 4
PRIVATE NONINSURED PEN. RES. 15

3.6

6.1
5.2
7.3
9.2
5.1

6.5
6,0
6.8
11.1
3.7

7.2
5,2
7.7
11.5
4.8

7.2
5.7
10.9
15.1
5.5

143.0
22.0
29.2
90.8
1.1

140.2
19.6
30.4
91.3
—1.1

166.4
26.9
34.3
103.9
1.3

190.6
34.3
39.0
118.4
-1.2

213.1
37.5
42.8
130.3
2.5

204.6
32.5
41.2
127.5
3.3

203.5
32.8
41.9
123.9
4.9

207.7
30.6
43.8
129.5
3.8

212.7
33.3
40.7
136.1
2.6

194.4
33.4
38.4
120.7
1.9

184.3
29.6
35.7
124.9
—5.8

191.6
27.8
37.0
130.0
-3.2

23
24
25
26

104.5
8.7
21.3
74.6

112.4
9.0
22.6
80.7

121.3
9.3
24.5
87.5

131.3
10.0
27.2
94.1

143.5
10.4
29.9
103.2

160.3
10.6
32.9
116.8

154.7
10.5
31.9
112.3

160.3
10.8
32.7
116.8

162.8
10.6
33.2
119.0

163.4
10.7
33.6
119.1

164.1
10.7
34.0
119.4

165.3
10.8
34.3
120.3

27
28
29
30
31

38.5
13.3
7.9
16.2
1.1

27.8
10.6
7.7
10.6
-1.1

45.1
17.6
9.8
16.5
1.3

59.3
24.3
11.8
24.4
-1.2

69.7
27.2
12.9
27.1
2.5

44.3
21.9
8.4
10.7
3.3

48.9
22.4
10.0
11.6
4i9

47.4
19.9
11.1
12.7
3.8

49.9
22.7
7.5
17.1
2.6

31.0
22.7
4.8
1.6
1.9

20.3
18.8
1.8
5.5
-5.8

2 6 . 3 NET I N V . I N TANGIBLE ASSETS
NONFARM HOMES
17.1
NONCORP. BUS. PLANT + E Q U I P .
2.7
CONSUMER DURABLES
9.8
INVENTORIES
-3.2

27
28
29
30
31

32
33
34
35
36
37
38

40.0
16.1
7.0
10.4
-3.4
2,6
7.3

32.2
12.5
8.0
6.0
-1.8
2.3
5.1

57.3
24.2
11.2
11.2
2.6
1.0
7.1

85.8
38.4
13.2
19.2
4.7
.9
9.4

87.6
44.2
12.9
22.9
-4.6
2,2
10.0

58.5
32.6
12.4
9.6
-2.1
2.7
3.2

55.3
34.2
9.6
8.2
.8
1.4
1.1

73.3
37.8
15.0
17.2
.5
3.2
.6

59.9
28.2
13.0
15.8
-9.4
3.6
8.7

44.4
30.0
12.0
-3.6
.9
2.8
2.3

32.7
26.4
12.3
-3.3
1.7
2.0
-6.4

6 0 . 3 INCREASE I N DEBT
MTG. DEBT ON NONFARM HOMES
41.9
NONCORP BUS. MORTGAGE DEBT
10.3
CONSUMER CREDIT
2.1
SECURITY CREDIT
5.1
POLICY LOANS
1.1
OTHER DEBT
-.2

32
33
34
35
36
37
38

39
40
41

60.6
7.1
16.2

?6.2
8.8
10.6

87.4
9.2
16.5

97.9
11.1
24.4

120.2
11.5
27.1

115.8
15.1
10.7

116.0
10.0
11.6

117.2
21.6
12.7

107.2
12.3
17.1

123.7
16.6
1.6

117.9
11.4
5.5

42
43
44

2.5

.8

34.8

.9
-.1
56.1

61.0

1.4
.1
60.9

.9
.3
80.3

.5
,4
89.0

.7
.4
93.3

.9
.4
81.5

.8
.4
76.7

—.4
.4
105.6

-.3
.4
100.9

45

38.2

56.2

60.5

52.6

74.3

77.0

84.4

71.5

65.5

86.5

75.9

46

-3.4

-.1

.5

8.3

6.0

12.0

8.9

10.0

11.1

19.1

24.9

13
14
15
16
17

4.9
2,9
6.3
7.1
3.1

18
19
20
21
22

5.1
3.3
7.1

$

1'
ROSS I N V . I N TANGIBLE ASSETS
NONFARM HOMES
NONCORP. BUS. PLANT • E Q U I P .
CONSUMER DURABLES
INVENTORIES

18
19
20
21
22

NONFARM HOMES
24
NONCORP. B U S . PLANT • E Q U I P . 2 5
CONSUMER DURABLES
26

1 7 1 . 4 I N D I V I D U A L S ' SAVING ( 1 + 2 7 - 3 2 )
2 8 . 5 - GOVT. INSURANCE • PEN. R E S .
9 . 8 - NET INVESTMENT I N CONS. DUR.
- CAPITAL GAINS DIVIDENDS
FROM INVESTMENT COMPANIES
.7
. 4 - NET SAVING BY FARM CORPS.
1 3 2 . 1 * PERSONAL SAVING, F / F BASIS

39
40
41

1 1 4 . 6 PERSONAL SAVING, N I A BASIS

45

1 7 . 5 DIFFERENCE

1 1 / 7 5 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION.

(I) Combined statement for households, farm, and nonfarm noncorporate business.

These tables on individuals' saving are derived from the Federal Reserve's flow-of-funds
accounts. From flow-of-funds tables the information shown here is a combination of the household,
farm, and nonfarm noncorporate business sectors, with the interconnecting flow of "net investment

in noncorporate business" consolidated out. Apart from that consolidation the statement is combined
 in that it includes trade credit and consumer credit claims among the sectors in the group.

42
43
44

46

E.8
August II, 1975

(I)

Volume and Composition of Individuals' Saving-Second Quarter, 1975
( M i l l i o n s of d o l l a r s )

UNADJUSTED QUARTERLY FLOWS

UNADJUSTED QUARTERLY FLOWS
1973

I
1974 |

I

II

1973

III

IV

I
I

II

1974

IV

III

I

1975

1 136.164 129.933
4.572
2 13.054
3 67.673 59.639

26.C02
-7.084
23.452

38.551
5.709
18.511

36.622
46
12.658

36.989
14.383
13.052

24.395
-8.016
21.982

37.426
5.843
15.410

30.880
-2.324
7.074

37.232 27.360
9.069 -11.361
15.173 29.062

3.378
780
4.115

15.872
611
4.510

1.307

2.366
822
-3.494
4.507
2.359

-334
814
-4.374
1.149
1.731

4
5
6
7
8

21.046
2.700
6.521
11.139
4.335

21.282
3.027
757
10.752
9.963

2.403
891
539
2.471
1.001

3.956
911
489
3.217
776

14.925
441
5.191
4.591
2.300

-238
457
302
900
258

9
10
11
12

1.059
3.464
-1.586
-6.586

-1.671
-521
1.006
-2.031

337
-1.971
-342
-523

501
-1.004
-642
-292

14
2.617
128
-317

207
3.822
-730
-5.454

7*3
-3.386
181
614

—*32
-104
-572
-620

-2.106
2.148
186
-165

13
14
15
16
17

7.209
5.150
7.737
11.540
4.755

7.206
5.681
10.941
15.114
5.498

1.750
1.230
2 . 1 8T
2.291
-222

1.824
1.266
1.229
4.811
1.245

1.840
1.305
2.410
2.132
1.306

1.795
1.349
1.916
2.306
2.426

1.768
773
2.056
1.799
655

1.857
1.930
2.302
6.735
983

18 2 1 3 . 1 4 8 2 0 4 . 5 9 1
19 3 7 . 5 3 7 3 2 . 5 3 7
20 4 2 . 8 1 3 4 1 . 2 2 1
21 1 3 0 . 3 1 0 1 2 7 . 5 4 7
22
2.488
3.286

49.162
9.412
9.307
29.556
887

53.671

53.030
9.239
11.776
31.646
369

57.285
10.784

46.493
8.414
8.983
27.307
1.789

8.102

11.729
33.612
228

10.001

35.496
1.004

-1.026

6.122

4.566

-757
1.022
-7.500

-1.880
3.606

II

5 2 . 6 0 1 INCREASE I N FINANCIAL ASSETS
11.336
DEMAND DEPOSITS • CURRENCY
23.182
SAVINGS ACCOUNTS
1.958
1.117
-3.592
31
2.271

SECURITIES
U . S . SAVINGS BONDS
OTHER U . S , TREASURY SEC.
U . S . GOVT. AGENCY SEC.
STATE • LOCAL OBLIGATIONS
CORPORATE • FOREIGN BONDS
COMMERCIAL PAPER
INVESTMENT COMPANY SHARES
OTHER CORPORATE EQUITIES

174

4.687

3.765
-839
-465
-330

1.809
1.432
3.289
2.485
1.243

1.772
1.546
3.294
4.095
2.617

1.774
1.592
3.102

1.728
1.485
2.848
8.489
1.575

51.828
5.988
11.915
32.900
1.025

52.097
7.960
11.317
32.395
425

54.173
10.175
9.006
34.945
47

40.712
2.654
8.308
29.750

23 1 4 3 . 4 6 0 1 6 0 . 2 9 2
24 1 0 . 3 5 8 1 0 . 6 2 9
25 2 9 . 9 0 2 3 2 . 8 6 3
26 1 0 3 . 2 0 0 1 1 6 . 8 0 0

34,525
2.560
7.090
24.875

35.363
2.631
7.432
25.300

36.151
2.574
7.552
26.025

37.421
2.593
7.828
27.000

38.665
2.614
7.976
28.075

40.075
2,695
8.180
29.200

821 - 1 . 7 4 1
1.942
1.211
-893
-1.860

9
10
11
12

PRIVATE LIFE INSURANCE RES.
PRIVATE INSURED PENSION RES.
PRIVATE NONINSURED PEN. RES.
GOVT. INSURANCE • PEN. RES.
MISCELLANEOUS FINAN. ASSETS

13
14
15
16
17

41.272
7.757
7.326
27.056
-867

4 7 . 5 6 9 GROSS I N V . I N TANGIBLE ASSETS
5.096
NONFARM HOMES
10.265
NONCORP. BUS. PLANT + EQUIP.
32.937
CONSUMER DURABLES
-729
INVENTORIES

18
19
20
21
22

40.840
2.666
8.399
29.775

41.018
2.678
8.490
29.850

4 1 . 3 3 7 CAPITAL CONSUMPTION ALLOWANCES
2.690
NONFARM HOMES
8.581
NONCORP. BUS. PLANT • EQUIP.
30.066
CONSUMER DURABLES

23
24
25
26

6 . 2 3 2 NET I N V . I N TANGIBLE ASSETS
2.406
NONFARM HOMES
1.684
NONCORP# BUS. PLANT + EQUIP.
2.871
CONSUMER DURABLES
-729
INVENTORIES

27
28
%9
30
31

2.121
1.827

27
28
29
30
31

69.688
27.179
12.911
27.110
2.488

44.299
21.908
8.358
10.747
3.286

14.637
6.85?
2.217
4.681
887

18.308
5.471
4*297
8.312
228

16.879
6.665
4.224
5.621
369

19.864
8.191
2.173
8.496
1.004

7.828
5.800
1.007
-768
1.789

11.753
3.293
3.735
3.700
1.025

11.385
5.306
3.009
2.645
425

13.333
7.509
607
5.170
47

254,
5.079
-1.164
-2.794
—867

32
33
34
35
36
37
38

87.619
44.208
12.858
22.922
-4.570
2.226
9.975

58.471
32.575
12.427
9.635
-2.060
2.736
3.158

17.362
10.554
2.145
1.756
-984
288
3.603

27.819
11.543
4.561
7.763
-1.338
391
4.899

26.095
11.681
4.355
5.952
-1.014
850
4.271

16.343
10.430
1.797
7.451
-1.234
697
-2.798

8.056
8.958
1.074
-2.914
199
341
398

25.172
9.145
4.523
5.853
-116
792
4.975

17.172
6.664
4.320
4.481
-2.359
898
3.168

8.071
7.808
2.510
2.215
216
705
-5.383

2.307
7.149
1.583
-5.868
428
492
-1.477

20.985
10.190
3.381
1.846
1.265
267
4.036

39 1 2 0 . 2 3 3
39 1 2 0 . 2 3 3 1 1 5 . 7 6 1

23.277

29.040

27.406

40.510

24.167

24.007

25.093

42.494

25.307

3 7 . 8 4 8 INDIVIDUALS' SAVING < 1 * 2 7 - 3 2 )

NCREASE I N DEBT
MTG. DEBT ON NONFARM HOMES
NONCORP BUS. MORTGAGE DEBT
CONSUMER CREDIT
SECURITY CREDIT
POLICY LOANS
OTHER DEBT

32
33
34
35
36
37
38

^

V

f

39

1 1 / 7 5 FIGURES ARE TENTATIVE ESTIMATES BASED ON INCOMPLETE INFORMATION.

(I) Combined statement for households, farm, and nonfarm noncorporate business.




f